Japan Considers Defense Spending Worth 3.5% of GDP After U.S. Pressure
Officials are weighing a lower 3% option as markets watch how Japan would finance a larger military buildup.
8 Articles
8 Articles
The Japanese authorities assured the US of their intention to increase spending significantly before defense, reporting on Tuesday Bloomberg with reference to sources." According to people familiar with the subject, Japan's representatives at meetings with American partners indicated that they wanted to boost military spending dramatically.
Japan is considering increasing its defense spending to 3.5% of GDP in the medium term, in line with other US allies.
Japanese Prime Minister Sanae Takaichi's government is considering launching 3.5 percent of GDP as a new target for Japan's defense spending. The issue has become topical after the Trump administration exerted pressure, according to sources.
Japan is considering setting a new expenditure target for medium-term defence equivalent to 3.5% of GDP, aligning itself with NATO and other US allies, according to Bloomberg.
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